XRP Technical Analysis Points to Potential Drop or Breakout

Crypto analyst Egrag Crypto has presented a technical analysis of XRP, outlining its current market position and two possible price paths.

The analysis focuses on the 'Atlas Line,' a long-term ascending support trend that XRP continues to respect. According to Egrag Crypto's chart, the asset is currently in a compression phase, where price action tightens between support and resistance levels.

This structure reflects a buildup of pressure rather than a bearish breakdown, with multiple diagonal resistance lines converging near the current price. The analyst identifies a key probability zone between $0.70 and $0.80, with a 60-70% chance that XRP could revisit this range before initiating a larger upward move.

Egrag Crypto emphasizes the importance of the $1.80 level as a decisive pivot point between continuation and retracement scenarios. If XRP breaks above and holds this level, the probability of revisiting the orange zone decreases significantly, and the market is expected to transition directly into an expansion phase without a prior dip.